Economy

YCombinator backed layoff.ly has announced that they will soon begin laying off 1000 workers a week before those workers even start work. We reached out to CEO John Dollar who had this to say. “Investors are demanding increasing returns and fiscal discipline. In response layoff.ly is changing the game by laying off our workers before they even begin work. With out new AI technology we will automate the process of hiring new workers and firing them immediately ensuring high returns for our investors. [Read More]

The Treasury Department released a new study today claiming victory in the war on inequality. The Department now says that nearly all Americans can afford a toothbrush, and thus are considered exceptionally wealthy. When questioned about the 62% of Americans living paycheck to paycheck, the treasury department encouraged them to buy a toothbrush on layaway to build their credit score.

Recognizing the increasing public unease over rising prices, Commerce Secretary Gina Raimondo took decisive action today, releasing a new inflation metric that excludes all consumer goods. We reached out to a Commerce Department spokesperson who clarified “Americans today are more worried than ever about rising prices. While we already excluded the prices of things that affect Americans most like food, fuel and housing when calculating inflation, we realized our current metrics still showed that prices were increasing. [Read More]